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Jan 24, 2013
01/13
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it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent survey of chief executives said they are considerably less optimistic about short-term growth prospects for their companies than they were just a year ago. the reason? uncertainty. the business community does not have confidence in the growth prospects for our country because there is little confidence that washington can get its act together and deal with the spending crisis that is dragging down this economy. in an atmosphere of uncertainty, investors, businesses and consumers proceed with caution. they hold back in making significant investments or expenditures. and they don't hire p
it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent...
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Jan 23, 2013
01/13
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at the same time tax evasion and tax cuts for the rich did not allow, did not allow us to have a balanced budget all previous years. and so, therefore, when the markets crash in 2008 both spain and greece were heading on the road towards disaster. in spain, just like in ireland, the housing market crashed, prices still, people ended up with homes that were worth less than their loans. many people went bankrupt. when banks started having problems, the government intervened and took on its debts in this way, both banks and government went bankrupt. increase, the government directly went bankrupt because it was the one that had borrowed to a very high degree after words. the governments that had lent money to the state also went bankrupt. and afterwards investors themselves went bankrupt. very soon if the entire country had gone bankrupt. due to the structure of the euro zone where countries without a central bank behind them needed -- bailout of the banks and where the banks needed to continue lending money to bankrupt states, -- there was a domino effect because of the banks that were untr
at the same time tax evasion and tax cuts for the rich did not allow, did not allow us to have a balanced budget all previous years. and so, therefore, when the markets crash in 2008 both spain and greece were heading on the road towards disaster. in spain, just like in ireland, the housing market crashed, prices still, people ended up with homes that were worth less than their loans. many people went bankrupt. when banks started having problems, the government intervened and took on its debts...
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Jan 25, 2013
01/13
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the people have given us seven years of extra taxes. but i saw the wisdom adjusted, pay down our guests and stories receipts against the leaner times that will surely follow. in the midst of the great depression, franklin roosevelt said there's a mysterious cycle in human events. to some generations much is given. of others, much is expected. this generation has a rendezvous with destiny. we write in california have a rendezvous with destiny. around spc data and skepticism about about her future of america. but we have accomplished together all the people in assuming that you'll accomplish coming up. indeed the whole history of california belies such pessimism. i wonder how california began. in 1769 under king charles the third, orders were issued to dekalb ace, occupy important sites, san diego monterey for the crown of spain. his brave men made their way slowly north along an unchartered pass. eventually they reached moderate, could recognize that they had identified him as supplies failing, they marched san diego. for us to eat the f
the people have given us seven years of extra taxes. but i saw the wisdom adjusted, pay down our guests and stories receipts against the leaner times that will surely follow. in the midst of the great depression, franklin roosevelt said there's a mysterious cycle in human events. to some generations much is given. of others, much is expected. this generation has a rendezvous with destiny. we write in california have a rendezvous with destiny. around spc data and skepticism about about her...
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Jan 25, 2013
01/13
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solve the issue because this is a matter of prioritizing spending and i don't think we can continue to tax the american economy. we need economic growth but it's about prioritizing spending. i have conservative beliefs foreign aid can be useful, but we have to get our spending out of control. we utilize the position to encourage the president to work with us in good faith to solve the debt and deficit issue >> i spent six months i guess it was or five months as a member of the super committee. and i put an enormous amount of energy and hope that we would be able to get the bigger bargain. i'm not here to go through the details of why we didn't, that there was a very hard line monitor negotiating position that prevented us from being able to come to an agreement which incidentally we just came to. but we can to this with far less on the table and far less accomplished than we would have if we had come to that agreement six months ago or a year ago. my hope is yes, i certainly will weigh in on that and the degree that it does not impact on - devotee to do my job and the ability of the state
solve the issue because this is a matter of prioritizing spending and i don't think we can continue to tax the american economy. we need economic growth but it's about prioritizing spending. i have conservative beliefs foreign aid can be useful, but we have to get our spending out of control. we utilize the position to encourage the president to work with us in good faith to solve the debt and deficit issue >> i spent six months i guess it was or five months as a member of the super...
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Jan 29, 2013
01/13
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>> one thing, that become eligible for the earned income tax credit and the additional child tax credit. right now, illegal immigrants don't generally get it. there is fraud. but they total over $70 billion, illegals are excluded and now we can expect them to get $10 or $15 bill wherein from the programs. it goes to workers who don't make much, people with large families in particular benefit from the program. that's one example. other examples, you wouldn't be eligible for medicaid or obamacare, now with obamacare or medicaid, the health insurance program for poor people, now you would be eligible. >> that's a big number. that could be as high as tens of billions of dollars. we have to leave it there. thank you, sir. >> thank you. >> we put more boots on the ground, on the southern border than at any time in our history. today, illegal crossings are down nearly 80% from their peak in 20. >> the white house claims border security is better than ever. is it? a lawsuit just allowed to move forward, claims the administration is ordering border agents to look the other way. in response, ala
>> one thing, that become eligible for the earned income tax credit and the additional child tax credit. right now, illegal immigrants don't generally get it. there is fraud. but they total over $70 billion, illegals are excluded and now we can expect them to get $10 or $15 bill wherein from the programs. it goes to workers who don't make much, people with large families in particular benefit from the program. that's one example. other examples, you wouldn't be eligible for medicaid or...
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Jan 23, 2013
01/13
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. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addressed the economic crisis in europe and chancellor merkel followed suit. she stressed
. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step...
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Jan 25, 2013
01/13
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COM
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than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio. if takers were just welfare recipients it was 2%. i have to tell you nobody ever won an election demonizing such a small percentage of americans. well, hardly anyone. [ laughter ] the idea that republicans characterized even social security and medicare as halmakes of a takers society -- hallmarks of a taker society i'll let the speakers describe it. >> we built it. >> you better bel
than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul...
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Jan 23, 2013
01/13
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here is a case where higher tax rates will give you lower tax revenues. we have that weird income of the wealthy was shifted in december. we don't know what is going to happen in the first quarter. and i read today former president of france is leavinin france because he doesn't want to pay a 75% tax rate. >> anyway, great stuff cnbc robert frank. thank you. >> life, liberty and the pursuit of happiness. i love that. freedom and free markets, i'm larry kudlow, i'll see you tomorrow night. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. you know it can be hard to lbreathe, and how that feels.e, what's the rush? copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups.
here is a case where higher tax rates will give you lower tax revenues. we have that weird income of the wealthy was shifted in december. we don't know what is going to happen in the first quarter. and i read today former president of france is leavinin france because he doesn't want to pay a 75% tax rate. >> anyway, great stuff cnbc robert frank. thank you. >> life, liberty and the pursuit of happiness. i love that. freedom and free markets, i'm larry kudlow, i'll see you tomorrow...
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Jan 29, 2013
01/13
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credit -- melissa: they would pay payroll taxes, state, local, and federal taxes. >> right. we think 55% of illegals are already paying taxes. it's not that much. their income is so much less on average, reflecting educational attainment, that even if the other 45% paid payroll tax, generally, they don't pay income tax because they are too poor. we think 80% or less educated. what the fiscal impact reflects, not so much where they are from or who they are, rather their educational attainment. unskilled immigration is costly for taxpayers even though most work. melissa: steve, thank you for your time. >> sure thing. melissa: next on "money," violent protests in egypt, the critical passageway for oil supplies could be at risk. we'll explain. plus, it tastes so good, but that grocery store frozen pizza, is it toxic for your body? one says the california pizza kitchen is deliberately poisenning consumers. i don't know. we have the details. piles of "money," but no frozen pizza though. that's coming up president ♪ have given way to sleeping. tossing and turning where sleepless
credit -- melissa: they would pay payroll taxes, state, local, and federal taxes. >> right. we think 55% of illegals are already paying taxes. it's not that much. their income is so much less on average, reflecting educational attainment, that even if the other 45% paid payroll tax, generally, they don't pay income tax because they are too poor. we think 80% or less educated. what the fiscal impact reflects, not so much where they are from or who they are, rather their educational...
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Jan 29, 2013
01/13
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passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local store called fresh market has a weekly special, gallons of milk for $2.99 each and every tuesday. not anymore. the state is worried such deals to drive competitors out of business. isn't that what free-market are about? if they want to compete, lower prices. if not, what consumers walk up the door. that's my "2 cents more." it's obvious. coming in tomorrow, president obama's says deficit reduction is not a goal unto itself. shouldn't it be? of every action. that's it for tonight on "the willis report." thank you for joining us. have a great night, and we will see right back here to
passed a fair tax, tax consumption, not income, taxing income is counterproductive. and it does thank you for your optimistic outlook for america. needed a lift. glass half full, my friend. finally, another example of waste, fraud, and abuse. this time from louisiana. a local newspaper in danvers talking about a little-known state law that will make residents pay more at the grocery store. alysian requires that grocers markup milk prices 6% above the invoice and shipping costs, 6%. a local...
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Jan 22, 2013
01/13
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you know, i know, when you start raising taxes, the obamacare taxes evaporate kicked in yet. the economy is marge neal improving. who knows. >> neil: charlie gasparino, they talk about him everywhere. what's he like -- you want to know why the president didn't mention the debt once yesterday. because he figured he didn't have to. hey, our salads. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. . i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ >> neil: all right. i'm going to pick somebodyism i'll probably tick everybody off but the blame game has got to stop. got, got, got to stop. president who wants to get republican angry and uses inaugural address to do it and republicans who feign shock, though finger pointing encourages it. just stop. allow me to
you know, i know, when you start raising taxes, the obamacare taxes evaporate kicked in yet. the economy is marge neal improving. who knows. >> neil: charlie gasparino, they talk about him everywhere. what's he like -- you want to know why the president didn't mention the debt once yesterday. because he figured he didn't have to. hey, our salads. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of...
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Jan 23, 2013
01/13
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CNNW
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tax. it's that california's government is really ridiculously inefficient. it's one of the worst state governments in the country. so if those tax dollars were buying a great efficient terrific public sector, that would be one thing. but instead, it's paying for mediocrity, yet they keep asking for more and more. >> that brings me to a point. when phil mickelson was asked would you leave california or the united states because of taxes, he said i'm not sure. but you know what, when taxes get to a certain point, people start to make those decisions and it's easy to point and say you're not patriotic. maybe part of the problem is with the taxes. >> first of all, he's the gerard depardieux of golf obviously, because he decided to leave france and go to russia. i was going to talk about notorious b.i.g. song, "mo money, mo problems." the opening scene is diddy playing golf on the pga tour. look, this is california. governor ann richards when she was governor and i was covering politics there,
tax. it's that california's government is really ridiculously inefficient. it's one of the worst state governments in the country. so if those tax dollars were buying a great efficient terrific public sector, that would be one thing. but instead, it's paying for mediocrity, yet they keep asking for more and more. >> that brings me to a point. when phil mickelson was asked would you leave california or the united states because of taxes, he said i'm not sure. but you know what, when taxes...
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Jan 24, 2013
01/13
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 25, 2013
01/13
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nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta: what would be the reason, folks from deeper into the state away from nevada, but if you live on the border of california, unless you're really wedded to your house, why not move the mile into nevada and save yourself 13.3%? >> absolutely. absolutely. >> when does it make sense? suppose i have a business in california and i'm thinking of selling my business, should i move to inform nenevada before it or stuck paying the taxes no matter what. >> depends on the sale. if you're selling stock in the business, for example, you could very well become a non-resident of california
nevada tax accountant george ashley says he knows. nice to see you, george. >> hello, greta, thank you for having me. >> greta: what's the story? people who live on the border of nevada and california are making the quick move to nevada? >> well, that's the people living on the border, but people from all sorts of places in california who want to avoid the california tax, a lot of them are thinking about packing up and moving and a lot of them are doing it. >> greta:...
WHUT (Howard University Television)
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Jan 23, 2013
01/13
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WHUT
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the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for biz tonight. let's get you a check now of the markets. >>> islamist militants may have timed their attack on a gas plant to coincide with an important event. they took hundreds of workers hostage last wednesday. executives from the companies involved in the gas
the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local...
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Jan 22, 2013
01/13
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this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry. and i think in the united states, i think we've kind of moved past that on to other topics. it's not coming up on the radar screen right now. >> i don't see that happening, do you? >> no. >> here, i mean. >> i think it's going to happen in europe. >> the thought of penalizing the banking system and wanting to tax everything in sight. >> people have to trade, trade what? >> people have to invest. that's what they do with their money. if there's a financial transaction tax, would they not invest? >> they will trade differently. the trade flows and investments will move to di
this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry....
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Jan 22, 2013
01/13
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from climate change to the tax code, he promised reforms. >> our interests compel us to act on those who long for freedom. >> every word was meant to reinforce a progressive agenda. >> our agenda is not clear unless everybody is treated equally under the law. >> the theme of racial and sexual equality was front and center, i think a lot of the second term will be devoted to a lot of other things. >> the president takes one last look noting he will not ever see this again. he will not be the focus of another 9000-person parade. he could barely stop himself from dancing until he got the chance to, for he begins what is expected to be a fierce fight with congress if he hopes to make any additions to his legacy. companybia's state oil is planning rebels for an explosion of a pipeline. it cost a small spill -- it caused a small sill. pill. a truce was declared. at least 60,000 people have been killed in the past six years. many police officers have also died in the line of duty. are leaving the force because they say it is no longer worth the risk. >> armed men held this entire town hosta
from climate change to the tax code, he promised reforms. >> our interests compel us to act on those who long for freedom. >> every word was meant to reinforce a progressive agenda. >> our agenda is not clear unless everybody is treated equally under the law. >> the theme of racial and sexual equality was front and center, i think a lot of the second term will be devoted to a lot of other things. >> the president takes one last look noting he will not ever see this...
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Jan 23, 2013
01/13
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57.5, and then you've got payroll taxes, property taxes, sales taxes, hidden taxes. >> gas taxes. >> sean: and that's part of the hidden. so, he's 63 cents of every dollar goes to government. leave phil, leave california, i don't blame him. >> but the left, the guy from syracuse that started the attacks on mickleson and on forbes.com, he was complaining that mickleson was exercising what is basically a human reaction. when we go shopping for something you want to look for the best deal. that's true on any product that you buy. it's also true in the taxes that you're going to pay and because migration patterns are what they are, people decided to go to states with fewer taxes. >> wait a minute. the man you're talking about is professor len berman of syracuse university. he wasn't just complaining about phil mickleson wanting to leave, he mocked him. he said you're just lucky. >> professors are good at that. >> air just lucky. of course not, of course not. >> he can hit a ball with a stick, it's amazing. >> i'm kidding, no, i'm not-- >> and tearing this guy down. >> no, i don't agree w
57.5, and then you've got payroll taxes, property taxes, sales taxes, hidden taxes. >> gas taxes. >> sean: and that's part of the hidden. so, he's 63 cents of every dollar goes to government. leave phil, leave california, i don't blame him. >> but the left, the guy from syracuse that started the attacks on mickleson and on forbes.com, he was complaining that mickleson was exercising what is basically a human reaction. when we go shopping for something you want to look for the...
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letters no no i'm sorry i think i have some idea that it has to do with our taxes but i don't really know but not surprisingly the same people that have opinions on gun control to keep our guns were pretty pro-gun control right now the government spying bill is not the only legislation that sneaked under the radar of public debate indefinite detention of americans without trial made legal is seen by many lawyers as a blatant violation of the fifth amendment which guarantees due process that was. something that should have been discussed in the presidential debates people were begging the moderators to mention those so it was never mentioned it was just not a part of the debates because if you should maybe so you could too many in the us but it seems in washington to bypass it it's enough to say to magic words national security the bill is passed these bills i feel like all that has to happen is literally like dianne feinstein waves a letter and says national security and the fear mongering begins and shuts down any kind of debate yet we're having a freewheeling debate on guns some ar
letters no no i'm sorry i think i have some idea that it has to do with our taxes but i don't really know but not surprisingly the same people that have opinions on gun control to keep our guns were pretty pro-gun control right now the government spying bill is not the only legislation that sneaked under the radar of public debate indefinite detention of americans without trial made legal is seen by many lawyers as a blatant violation of the fifth amendment which guarantees due process that...
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Jan 24, 2013
01/13
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tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in california,en you can sniff and say they're unpatriotic, but that's california's problem. you're going to end up with a state no one can pay for the state government. and that's a disaster. >> sean: let me put up on the screen here, and we did background and research, and the american exchange council came up with numbers and that's people moving from states that have the highest taxes and you can see the number is what, 4.2 million people, and then we have people moving to states with the lowest taxes, you can see a transfer, 2.8 million people and then you've g
tax, hidden tax, sales tax, 63 cents of every dollar. the government and if he dies they're going to take the gold out of his teeth. the government is robbing him blind. >> the handy guideline, whenever the government takes the majority of what you make, it's hard to defend that on moral grounds. what's the justification, the practical effects are obvious. i'm a 6th generation californian, i'm in arizona now. half the affluent neighborhoods in this city are occupied by people in...
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Jan 26, 2013
01/13
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tax funder deal gave egypt some of the advanced military technology in america's arsenal. can we trust morsi's young regime with these weapons. >> temperatures plummet to dangerous levels. a winter storm is brewing and we will tell you how long the freezing cold will stick around. >> paul ryan coming out swinging setting the stage for a new round of budget battles in president obama's second term. he just wrapped up his speech at the national review institute warning fellow republicans to carefully pick their fight with the democrats or risk being miss cast on divisive issues. >> the way he felt it it's the president and only the president who is trying to fix our bridges to feed our children to care for our seniors to clean our water. frankly, he must be exhausted. i know we are. but we can't get rattled. we won't play the villain in his morality plays. we have to stay united. we have to show that if given the chance we can govern. >> molly henneberg is live in washington with more. >> trying to buoy his fellow conservatives. paul ryan said republicans and conservatives w
tax funder deal gave egypt some of the advanced military technology in america's arsenal. can we trust morsi's young regime with these weapons. >> temperatures plummet to dangerous levels. a winter storm is brewing and we will tell you how long the freezing cold will stick around. >> paul ryan coming out swinging setting the stage for a new round of budget battles in president obama's second term. he just wrapped up his speech at the national review institute warning fellow...
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implicitly you're allowed to do it, and you pay taxes. i have paid my taxes ever since i was 18. i'm sure as you have, and everybody else. i'm not sure about that. we certainly disagree with that decision. >> cenk: all right, and i'm just curious. how did your family get here in the first place. >> to begin with my dad came here unlawfully, but through amnesty in 1986 he became a legal resident and ultimately a citizen. like i said through sacrifice and hard work he saved enough money to apply to adjust my status. i've been waiting. i feel like i have a lot to contribute to this great country and that's what i want to do. believe it or not i want to pay more taxes. i'm just waiting for that opportunity. >> cenk: well, the republicans should love that. okay. >> you would think they would. >> cenk: all right sergio garcia. thank you for joining us and we appreciate your different story on this issue. >> thank you for having me here, cenk. >> cenk: when we come back we'll talk about the violence in chicago. a mother loses her fourth child over the weekend to gun violence. comparing
implicitly you're allowed to do it, and you pay taxes. i have paid my taxes ever since i was 18. i'm sure as you have, and everybody else. i'm not sure about that. we certainly disagree with that decision. >> cenk: all right, and i'm just curious. how did your family get here in the first place. >> to begin with my dad came here unlawfully, but through amnesty in 1986 he became a legal resident and ultimately a citizen. like i said through sacrifice and hard work he saved enough...
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Jan 22, 2013
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tax and 57, payroll tax, property tax, hidden taxes, 62 to 63 cent out of every dollar he makes taken by the government. is that too much? >> my heart bleeds for him. he doesn't. >> sean: you don't care, do you >> i do. >> sean: and you don't. >> listen, i care-- there are a lot of hard working people out there that don't have any options. >> sean: you know what? >> but and the reality-- >> you don't care you want to take more. >> that doesn't mean that he's not entitled to keep some of his hard earned cash, just because someone might make less than him, it's still his money and because he hands the money over to the government doesn't mean they're going to spend it wisely or they're entitled. >> so his options. >> go to a state like texas go to a state that's not going to take-- >> the day h texas he saves 14%. 14 cents of every dollar, a lot of money. >> florida, alaska. >> sean: i don't blame him. >> listen, if california -- if california is really that bad i don't have a problem with somebody moving across state lines if they want to live in a state where the money stretches a lit
tax and 57, payroll tax, property tax, hidden taxes, 62 to 63 cent out of every dollar he makes taken by the government. is that too much? >> my heart bleeds for him. he doesn't. >> sean: you don't care, do you >> i do. >> sean: and you don't. >> listen, i care-- there are a lot of hard working people out there that don't have any options. >> sean: you know what? >> but and the reality-- >> you don't care you want to take more. >> that...
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to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been slow to the table in part because he doesn't see republicans as a worthy partner for the steps that have a strong political fallout. people will punish you for people cutting the entitlement programs people punish you at the polls rhetorically. one of steve's great heros congressman ryan of wisconsin took some of that risk and saw the kind of pounding that you take for saying, yes, i would make strong cuts when it comes to something like medicare. i think president obama has been reluctant to join in that junk without knowing that in fact speaker
to do it he will have to raise taxes. that will be one of the number one issues on his agenda to raise taxes way beyond where we have been ever since the reagan era. >> juan, how can that be? he has to see the spending problem that we are in. what do you think the thought process is about that since has done some cuts but not enough to make a difference. what do you think his thoughts are on it? >> when you think of some of the positions of debt reduction president obama has been...
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and say i endorse do you us the tax and shutting down websites i mean on on one hand he is trying to be a law abiding citizen and do things very by the book on the other hand were you surprised at all the kind of saying i don't really agree with the tactics of anonymous and the activists who shut down the site not really because if you look back during the last couple of months the activists movement known as anonymous is really transcended beyond just d.d. o. s. attacks yes that is still a common tactic but go and look at the response to sandy hook and the response to westboro church planning on picketing that tragedies funerals and all they want the members of anonymous have coordinated a lot of i.r.l. in real life movements during the past year and it really off the web and that's what really got people talking like it if you remember during the strike on gaza back in november i believe anonymous was really trying to help people get connection to the internet in parts of palestine that were taken offline and that actually got anonymous coverage on the mainstream news so it's not j
and say i endorse do you us the tax and shutting down websites i mean on on one hand he is trying to be a law abiding citizen and do things very by the book on the other hand were you surprised at all the kind of saying i don't really agree with the tactics of anonymous and the activists who shut down the site not really because if you look back during the last couple of months the activists movement known as anonymous is really transcended beyond just d.d. o. s. attacks yes that is still a...
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compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in sligh
compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier?...
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california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been president at the time and found you did not read the cables from benghazi or bam ambassador stevens i would have relieved you have your post. >> peter doocy is live from washington with more. >> peter do we have you there? >> yeah, i am here. >> during her testimony in front of house and senate committees secretary clinton kept mentioning in addition to the poor americans who we that were there was one diplomatic security agent who is seriously injured and is recovering at qualiti walter reed medical center. 25 to 30 other survivors were evacuated and she got t
california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods moved out of california fort same reason. >> four months after the terrorist atrack hillary clinton finally testifying about what she knew. there was no shortage in fireworks yesterday in what was a heated and emotional day on capitol hill. >> i am glad you are accepting responsibility. i think ultimately with your leaving you you accept culpability of the worst tragedy since 9-11. had i been...
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fica tax, social security, and then we have local tax and then we have sales tax and property tax. >> and many of those you don't add on top of each other, but the point is that's on the millionth not the first 300, 400,000. >> sean: i bow down and thank almighty government. >> nobody's paying more than 30-some percent of their income. >> sean: i'm paying 60 cents of every dolly make. >> of your millions of dollars. >> sean: excuse me, you don't know how much i'm making. >> i know what the tax rates are. >> sean: what-- >> but i have a bone to pick with you, sean. we made a bet on the election. >> sean: oh, boy. >> that you were going to take me to dinner if the president won, well, we had the inauguration, he won, sean and my friend mario in chicago, he watched your show, he told me you would never take a democrat to dinner. >> sean: i will so. >> he said it would never happen. i told awe month ago. >> i paid off. >> and spending will not solve your obligation, more spending is not the answer, redistributing wealth. >> that's why i have come to prove what-- that you would have dinne
fica tax, social security, and then we have local tax and then we have sales tax and property tax. >> and many of those you don't add on top of each other, but the point is that's on the millionth not the first 300, 400,000. >> sean: i bow down and thank almighty government. >> nobody's paying more than 30-some percent of their income. >> sean: i'm paying 60 cents of every dolly make. >> of your millions of dollars. >> sean: excuse me, you don't know how much...
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by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great legs, is it time to get out of bonds? >> yes, some investors, larry, have to be in bonds, they're benchmarked, certain liquidity and credit restraints. they have to be in treasuries. as an individual investor, you'd want to stay away from bonds. and if you were a speculative investor, you'd want a short bonds. there's no value in the treasury market. with nominal gdp even at 4% let alone the possibility we could accelerate to five. they don't belong at 2%, really somewhere over 4%. they won't get to 4% until the fed actually
by taxing. >> all right. do you think the fed -- this is the big question. people are worried about bonds. ten-year treasury bonds, right, have gone from about 140 last summer to about 2% today. upward move. so the fed's not really holding down bond prices -- bond rates even though they're buying so many. let me ask you, is the bond play a sucker play right now? if you think there's stronger growth coming and you see this stock market rally which has great legs, corrections or not, great...